The website of LoanRanger, a microloan issuance company based in Manila, Philippines, offers billease chat support online loans to Filipino citizens over the age of 18. In order to be approved, you must have a charge card and a valid identification document. Incorrect information can lead to rejection. Once approved, you must agree to the terms of the credit agreement and sign it. A duplicate credit commitment will be sent to you.
Another advantage of Loan Ranger Philippines is its quick application process. The company is marketed as a cordial business, and as such, does not find anything wrong with a person’s credit score. Most applications are approved quickly, and the company only requires proof of identity. Most customers will not have to submit extra documents. The company also offers bonuses to their loyal clients. With such benefits, it is hard to argue with the company’s fast and easy loan services.
Once approved, loan repayment is easy and hassle-free. Most online cash loan companies hire a collection agency if a customer fails to make his or her monthly payments. Defaulted loans will reflect negatively on your credit history with the lender. While jail time is not a common punishment for defaulted loans, lenders will take legal action to collect their debts. Some of these agencies also work with private entities to track credit reports, and these are accessible to lending companies.
LoanRanger offers three and ten-thousand peso loans. The repayment terms range from three to three months, and the interest rate is 0.65% per day. The company also allows you to apply for repeated loans. This is because, unlike other lenders, it does not issue more than one loan to a single applicant. This way, you can cash out the funds for any purpose. For this, you must have a stable source of income.